The briefing on mining
The latest news, trends and data from the mining industry
NEWS IN NUMBERS
$1.5bn
President Trump's $1.5bn plan to establish a strategic uranium reserve has been applauded by the CEO of Energy Fuels
$300m
AngloGold Ashanti has agreed to sell its South African producing assets and liabilities to Harmony Gold Mining Company for $300m
50:50
Trilogy Metals and South32 have completed the formation of a 50:50 joint venture, called Ambler Metals, to focus on projects in Alaska
26
A prefeasibility study into the West Musgrave/Nebo-Babel base metals project has shown that the mine could have a 26 year lifespan
The latest from Twitter
Further reading: BHP becomes world’s top copper producer
After a decline in output at the Chilean state-owned miner Codelco, BHP Group has become the world's largest copper miner. Codelco's production declined by 5.6% last year, while BHP has reported the first six months of its financial year to have seen output increase 7% year-on-year.
Source: MINING
PROJECT NEWS
Chinese surveillance firm supplies smart CCTV to improve mining safety
Partially state-owned Chinese surveillance technology company Hikvision has implemented an intelligent video surveillance and control system in the Jiangzhuang coal mine. Operated by Chinese state-owned coal mining company Shandong Energy, Hikvision says it will help create a “zero-accident” working environment.
Glencore and Samsung sign five-year cobalt supply deal
British–Swiss multinational mining and commodities trading firm Glencore has signed a five-year cobalt supply agreement with South Korean battery manufacturer Samsung SDI. Under the deal, Glencore will supply 21,000t of cobalt in cobalt hydroxide. The supply will start this year and run up to 2024.
Terrafame receives permit from Finland to mine uranium
The Finnish Government has granted a permit to multi-metal producing firm Terrafame to start mining and refining uranium at an existing mine in the country. In October 2017, Terrafame submitted the permit application for the approval of uranium recovery under the Nuclear Energy Act (990/1987) to the government.
India’s JSW Steel secures fourth iron ore mine in Odisha
JSW Steel has reportedly secured a fourth iron ore mine in the auctions held by the Indian state of Odisha. The development follows after the company expressed interest in acquiring more iron ore mines during the upcoming auctions in Odisha. Out of the 18 mines under auction, five are of JSW Steel’s interest.
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